David Martosko

The Daily Caller obtained the previously unpublished records for all of Barack Obama’s clients in the 1995 lawsuit “Buycks-Roberson v. Citibank Fed. Sav. Bank.” Obama was named as the lead attorney for two of the three named plaintiffs in the case.

The case was settled out of court with Citibank agreeing to change its standards for lending in urban areas and to applicants who would not otherwise qualify.

The case is emblematic of the subprime mortgage crisis, caused in large part by lenders extending credit to borrowers who, like many of the “Buycks” plaintiffs, were not creditworthy. As a result, countless homes were foreclosed and property values have plummeted in many metropolitan areas of the United States.